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Asian Paints Ltd
NSE:ASIANPAINT

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Asian Paints Ltd
NSE:ASIANPAINT
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Price: 2 446.7 INR -0.65% Market Closed
Market Cap: ₹2.3T

P/B

11.9
Current
20%
Cheaper
vs 3-y average of 15

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
11.9
=
Market Cap
₹2.3T
/
Total Equity
₹195.8B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
11.9
=
Market Cap
₹2.3T
/
Total Equity
₹195.8B

Valuation Scenarios

Asian Paints Ltd is trading below its 3-year average

If P/B returns to its 3-Year Average (15), the stock would be worth ₹3 070.72 (26% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-77%
Maximum Upside
+56%
Average Downside
17%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 11.9 ₹2 446.7
0%
3-Year Average 15 ₹3 070.72
+26%
5-Year Average 18.7 ₹3 822.18
+56%
Industry Average 2.8 ₹574.83
-77%
Country Average 3.3 ₹665.81
-73%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
IN
Asian Paints Ltd
NSE:ASIANPAINT
2.4T INR 11.9 60.8
JP
Shin-Etsu Chemical Co Ltd
TSE:4063
13.3T JPY 3.1 27.3
US
Sherwin-Williams Co
NYSE:SHW
78.7B USD 17.1 30.7
US
Ecolab Inc
NYSE:ECL
72.4B USD 7.4 34.9
JP
Yasuhara Chemical Co Ltd
TSE:4957
10.8T JPY 0.7 10.5
CN
Wanhua Chemical Group Co Ltd
SSE:600309
280.1B CNY 2.6 21.3
CH
Givaudan SA
SIX:GIVN
25.9B CHF 5.7 24.1
DK
Novozymes A/S
CSE:NZYM B
165.6B DKK 11.8 54.8
US
PPG Industries Inc
NYSE:PPG
23.4B USD 2.9 14.8
CH
Sika AG
F:SIKA
19.9B EUR 2.7 17.5
US
Albemarle Corp
NYSE:ALB
22.5B USD 2.4 -33.2
P/E Multiple
Earnings Growth PEG
IN
Asian Paints Ltd
NSE:ASIANPAINT
Average P/E: 29.7
60.8
15%
4.1
JP
Shin-Etsu Chemical Co Ltd
TSE:4063
27.3
7%
3.9
US
Sherwin-Williams Co
NYSE:SHW
30.7
14%
2.2
US
Ecolab Inc
NYSE:ECL
34.9
14%
2.5
JP
Y
Yasuhara Chemical Co Ltd
TSE:4957
10.5
N/A N/A
CN
Wanhua Chemical Group Co Ltd
SSE:600309
21.3
10%
2.1
CH
Givaudan SA
SIX:GIVN
24.1
6%
4
DK
Novozymes A/S
CSE:NZYM B
54.8
N/A N/A
US
PPG Industries Inc
NYSE:PPG
14.8
10%
1.5
CH
Sika AG
F:SIKA
17.5
8%
2.2
US
Albemarle Corp
NYSE:ALB
Negative Multiple: -33.2 N/A N/A

Market Distribution

Higher than 90% of companies in India
Percentile
90th
Based on 2 820 companies
90th percentile
11.9
Low
0 — 2.1
Typical Range
2.1 — 5.5
High
5.5 —
Distribution Statistics
India
Min 0
30th Percentile 2.1
Median 3.3
70th Percentile 5.5
Max 4 699.1

Asian Paints Ltd
Glance View

Asian Paints Ltd., a stalwart in the realm of decorative and industrial coatings, traces its origins back to 1942 when four friends embarked on a journey to establish a paint company amidst the turmoil of a world war. From these humble beginnings, it flourished into a leading force in the paint industry, serving not just India but an expansive global market. The company's core business revolves around manufacturing and selling a diverse range of paints and coatings for residential, commercial, and industrial applications. By focusing on the needs and preferences of local markets, Asian Paints has carved a niche with products spanning basic enamels to advanced waterproofing solutions and textured finishes, catering to the aesthetic demands of modern consumers. As a master of branding and distribution, it has developed a wide-reaching network supported by innovative digital tools, enabling it to maintain a strong foothold even in the most remote markets. The company's business model pivots on a deft combination of manufacturing excellence, operational efficiency, and an unwavering emphasis on innovation and customer satisfaction. Asian Paints thrives by making its products desirable and accessible, ensuring that its extensive portfolio meets a full spectrum of consumer needs from economy to premium segments. Their robust supply chain, meticulous logistics, and strategic partnerships with retailers create a seamless path from factories to customers. Additionally, Asian Paints has embraced technological advancement by investing in research and development to stay at the cutting edge of eco-friendly solutions and smart products, positioning itself as a forward-thinking leader. With its strategic approach and adaptability, Asian Paints not only continues to enhance its market share but also reinforces its brand as synonymous with quality and trust in the ever-evolving landscape of the paint industry.

ASIANPAINT Intrinsic Value
1 039.88 INR
Overvaluation 57%
Intrinsic Value
Price ₹2 446.7
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